2. Strongest and most inspirational brand in the jewellery category
Awarded most admired brand and Retailer of the year by Images Fashion
Enjoys a market share of over 40% in branded jewellery
India’s only national jewellery retailer
117 stores in 70 towns – prime high street locations
Many of these stores are run by franchisees
Over 1.5 million customers shopped at Tanishq last year
BRAND
NETWORK
CONSUME
R BASE
3. Tanishq is India's largest, most desirable and fastest
growing jewelry brand in India.
Started in 1995, Tanishq is the jewelry business group
of Titan Industries Ltd - promoted by the TATA group.
With a retail sales of 1200 crores last year and gunning
for 2000 crores this year.
Tanishq has set up production and sourcing bases with
through research of the jewelry crafts of India.
Located at Hosur, Tamil Nadu, the 1,35,000 sq. ft.
factory is equipped with the latest and most modern
machinery and equipment.
Introduction
4. With a view to expand in the estimated INR 1,000 billion Indian jewellery market, Tanishq
will come out with specific traditional collections to cater to brides from the regional
communities.
To maximise the Tanishq brand presence across regional markets in India. Large format
outlets are intended to act as a one-stop solution and enhance sales.
At present, Tanishq offers only standard jewellery in its wedding range. The brand is planning
an expansion of its retail business in order to cross the INR 30 billion sales mark by the end of
fiscal year 2010.
The company will be opening a total of 17 more Tanishq boutiques in 2010 and its major
focus will be on large format stores of over 4,000 sq ft, as against the currently existing ones
which have an area of around 2,500 sq ft.
6. New Alipore is situated just south of ipore in betweenn Majherhat and tollygunge stations.
New alipore was created as a planned residential suburb of the city of kolkata by KMDA.
It is one of the better planned and pose areas of the city.
Economic condition of the area is very good.
New Alipore has turned out as one of the most sophisticated place of kolkata with land
price s among the highest in the city.
Per capital income better than the other area of kolkata.
People are well educated , cultured and sophisticated .
New Alipore is connected to all parts of the city by extensive bus services and connected
with diamond harbour road (NH-117)
Over hear, standared of living is high and life style is little different than the other area.
Majority of people are working in corporate sector, Flim industry and business man..
In that place many famous peoples are staying - Amartya Sen= Economist, Brinda Karat=
Politician, Indrani Halder and Dev= Flim Actors
7. P – Political
- Kolkata has been one of the most politically stable states in india.
- The current Govt. In W.B( TMC) done transparency in administration and diversion –free public
distribution sys tem in successfully.
E - Economic
- Cost of starting business in kolkata is 48.5% of GNI and relatively moderate value (ave-49.65%) in
comparision to major states in India.
- Tax rates in W.B are 80.8% which is comparatively lower than other states (ave-81.94%).
-Cost of labour charges are low.
- Impact of globalization is good.
S - Sociological
- Kolkata ‘s New Alipore ‘s population more than 10 laks. And it is one of the top pose and cultured
area.
- Well educated , working corporate professionals earning capacity are very attractive than the other area
of kolkata.
T - Technological
- I.T sector in kolkata is growing at a rate of almost 70% annually with 180 firms owing software
export.
- The govt. Lays emphasis on certain factors to promote investment in the technological sector.
8. L - Legal
- current home market legislation, future legislation.
-environmental regulations, employment law, consumer protection
- industry-specific regulations, competitive regulations
E-Environmental
-Kolkata, the second largest city is the capital & the commercial hub of West Bengal .
-It is positioned with three international frontiers, i.e. Bangladesh, Nepal, and Bhutan making it a
favourable destination in terms of trade prospects.
Other Strategic Issues
9. - For most retailers, the size of the target market
and the location of the highest density of their
target market will help determine where their
business should be located.
- Estimates to determine size of
target market
- Estimate max of customers eligible to purchase
product or service.
- Estimate percentage of potential customers.
- Estimate # times customers could purchase the
product or service in a year.
- Estimate highest density of target market.
TARGETS
• Working women(9-5)
• Teenagers
• Early nesters
10. Merchandise Assortment
Merchandise Assortment Planning is a key activity at
Tanishq which involves
Identification of product attributes relevant to the
customer’s choice process – This is done by central
supply chain team, based on inputs from the store
associates
Determining an appropriate assortment strategy for each
merchandise category – This is done by central supply
chain team by analysing sales history and inventory data
Development of Merchandise Assortment Strategy for
each product category based on 2x2 Matrix of percentage
contribution of sales vs. sales velocity
Based on Assortment strategy SCM team develop a
preliminary assortment plan for each store with
suggested product and inventory levels
11. Visual Merchandise
Visual Merchandising and display techniques
Attention-getting devices
Colour plates
Familiar symbols
Making and proscenia
Sale ideas
Fashion accessories
Graphics and signage
12. Tanishq brand will continue to have perceived value pricing, though the
premium paid will be a bit less to penetrate into the marriage gold market.
Offering special discount of 10% (shared equally between the franchise &
the company) on jewelry purchased for the marriage. It will be signified as
someone buying gold(or diamond converted to gold based on value) in
excess of 100gm
Tanishq can save 7-11% margin earned by the franchisee through selling
online and pass a part of the same to the online consumer.
Gold plus will continue to have value pricing and being a lucrative option
for consumers looking for 22 karat gold in sub urban areas.
Pricing for the new men’s collection that will be launched next year will
also be in line with our current perceived value pricing
13.
14. Tanishq offers a wide product portfolio through its different collection and tries to cater all the
segments according to segmentation followed in the present jewelry industry.
Basis of Segmentation Segments Collections
Style Traditional Gold Plus
Contemporary Aria, Accolades, Everydays
Fusion Fashion Earrings, Colors of Royalty,
Moham
Occassion Weddings Wedding Collection
Special Occasion/ Festivals Moham, Aleya
Everyday Wear Everydays
Material Plain Gold 22k Wedding Collection, Gold Plus
Diamond Zoya, Diamonds Collection
Gems and Stone Studded Gold Colors of Royalty, Moham
Kundan and Polki Aleya, Kundan and Polki
Solitaire Solitaire
16. Tanshiq main competitors are Anjali jewelers, M.p. jewelers & Senco-
Gold in that area.
Those company had already their own customer at that area, they provided
good service quality about jewelers design & making charges.
Those company well maintain their existing customer & also royal
customer.
Some small-middle level jewelary retail outlet stay hear.
Some senior people always stay their local brand jewelers.
Local brand jewelers businesses strategies is low-middle base customers,
They focus mass marketing.
Brand market wise Getanjali, gili, D’damas, asmi, nakshatra are main
strong competitor.
Basically those brands are available shopper stop, pantaloon’s.etc at
Kolkata
17. Tanishq has undertaken the following marketing initiatives:
Introducing Wedding/Heritage Jewellery.
Celebrating important festivals.
Customer schemes and other initiatives like category melas.
Launch of “gold plus”.
Unveiling the “colors of Royalty” in 2007.
Providing quality assurance and introducing carat meter.
Tanishq set up a seven member in-house design team and also
outsourced designs from freelance designers.
18. MARKETING MIX : PROMOTION
ADVERTISMENT
T V Advertisement : Tanishq focus on the emotional attachment in the advertisement like
engagement, marriage and such other occasions.
Print advertisement : In Leading news paper and famine magazines are targeted to do the
advertisement. In short they know their target market and hence do advertising as required.
Bollywood tie-up:
Has done tie up with “Paheli”
where in the movie Ms Rani
Mukherji was seen wearing
Tanishq jewellery through out .
and in “Jodha Akbar” Movie where they launched a product
line named
Jodha Akbar.
23. Golden Harvest Saving Scheme
Exchange Policy in Tanishq
Gift Vouchers
Loyalty Programme
Purity Check
Giving gifts to everybody.
Installment policy also available
